PARGECO
ActiveSummary
PARGECO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501,256 and a net result of -€10,081. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 19% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-14
Solvency38▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.8 in 2024; short-term debt: 25.3% and cash: 0.4% of total assets), and 86.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
29 d late
2022
29 d late
2021
23 d late
2020
1 d early
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€501,256▼ 2.0%
2024 · €511,337
Total assets
€3.8m▲ 17.4%
2024 · €3.2m
Net result
-€10,081
2024 · €71,922
Working capital
-€33,625▲ 45.6%
2024 · -€61,817
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€70,922--€37,405€144,187€174,277▲ 20.9%€66,369▼ 61.9%
Net result€23,788within the sector's middle half--€109,210below the sector's middle half€48,433within the sector's middle half€71,922above the sector's middle half▲ 48.5%-€10,081below the sector's middle half
Equity€500,191above the sector's middle half-€390,981above the sector's middle half▼ 21.8%€439,414above the sector's middle half▲ 12.4%€511,337above the sector's middle half▲ 16.4%€501,256above the sector's middle half▼ 2.0%
Total assets€3.1mabove the sector's middle half-€3.2mabove the sector's middle half▲ 5.0%€3.2mabove the sector's middle half▼ 1.5%€3.2mabove the sector's middle half▲ 1.7%€3.8mabove the sector's middle half▲ 17.4%
Debt€2.6m-€2.8m▲ 7.6%€2.7m▼ 3.5%€2.7m▲ 1.9%€3.3m▲ 21.0%
Working capital-€214,606below the sector's middle half-€72,278within the sector's middle half€3,826within the sector's middle half▼ 94.7%-€61,817below the sector's middle half-€33,625below the sector's middle half▲ 45.6%
Solvency16.2%below the sector's middle half-12.1%below the sector's middle half▼ 4.2pp13.8%below the sector's middle half▲ 1.7pp15.8%below the sector's middle half▲ 2.0pp13.2%below the sector's middle half▼ 2.6pp
Current ratio0.45below the sector's middle half-1.55within the sector's middle half▲ 1.101.03below the sector's middle half▼ 0.520.80below the sector's middle half▼ 0.230.97below the sector's middle half▲ 0.17
Return on assets (ROA)0.8%below the sector's middle half--3.4%below the sector's middle half▼ 4.1pp1.5%below the sector's middle half▲ 4.9pp2.2%within the sector's middle half▲ 0.7pp-0.3%below the sector's middle half▼ 2.5pp
Staff (FTE)0.3-1▲ 233%0.9▼ 10.0%1▲ 11.1%1=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€2.9m ▼ 4.1%
Current assets
€928,164 ▲ 286%
Equity and liabilities €3.8m
Equity
€501,256 ▼ 2.0%
Debt
€3.3m ▲ 21.0%
Debt's share of the balance-sheet total rises from 84.2% to 86.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€200,245▼
2024 · €308,708
Cash flow
€123,794▼
2024 · €206,354
Debt to equity
6.60▲
2024 · 5.34
ROE
-2.0%▼
2024 · 14.1%
Interest coverage
2.59▼
2024 · 3.93
Debt ≤ 1 year
€961,789▲
2024 · €302,330
Debt > 1 year
€2.3m▼
2024 · €2.4m
Income taxes
-€536▼
2024 · €25,383
Staff costs
€64,086▼
2024 · €65,224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,165 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,178 | €29,876 | €52,866 | €65,224 | €64,086 | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,049 | €119,760 | €121,612 | €134,431 | €133,876 | ▼ 0.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €69,362 | - | -€69,362 | - | - |
| Other operating charges640/8 | €3,497 | €5,980 | €11,138 | €14,596 | €10,127 | ▼ 30.6% |
| Gross operating margin9900 | €186,646 | €187,573 | €329,803 | €319,165 | €274,458 | ▼ 14.0% |
| Operating profit (loss)9901 | €70,922 | -€37,405 | €144,187 | €174,277 | €66,369 | ▼ 61.9% |
| Financial income75/76B | €180 | - | - | €1,522 | €296 | ▼ 80.6% |
| Recurring financial income75 | €180 | - | - | €1,522 | €296 | ▼ 80.6% |
| Financial charges65/66B | €61,375 | €65,054 | €83,170 | €78,493 | €77,282 | ▼ 1.5% |
| Recurring financial charges65 | €61,375 | €65,054 | €83,170 | €78,493 | €77,282 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €9,727 | -€102,459 | €61,017 | €97,305 | -€10,617 | ▼ 111% |
| Income taxes67/77 | -€14,060 | €6,751 | €12,584 | €25,383 | -€536 | ▼ 102% |
| Profit (loss) for the period9904 | €23,788 | -€109,210 | €48,433 | €71,922 | -€10,081 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €23,788 | -€109,210 | €48,433 | €71,922 | -€10,081 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.2m | €3.2m | €3.2m | €3.8m | ▲ 17.4% |
| Fixed assets21/28 | €2.9m | €3.0m | €3.1m | €3.0m | €2.9m | ▼ 4.1% |
| Tangible fixed assets22/27 | €2.9m | €3.0m | €3.1m | €3.0m | €2.9m | ▼ 4.1% |
| Land and buildings22 | €2.9m | €3.0m | €3.0m | €2.9m | €2.8m | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | €6,695 | €4,016 | €1,337 | ▼ 66.7% |
| Furniture and vehicles24 | €17,169 | €25,699 | €20,609 | €50,931 | €46,679 | ▼ 8.3% |
| Financial fixed assets28 | - | - | - | €60 | €60 | = |
| Current assets29/58 | €175,778 | €204,335 | €134,957 | €240,513 | €928,164 | ▲ 286% |
| Amounts receivable within one year40/41 | €91,403 | €130,735 | €84,326 | €190,032 | €903,512 | ▲ 375% |
| Trade receivables40 | €62,343 | €116,232 | €71,946 | €176,292 | €665,512 | ▲ 278% |
| Other amounts receivable41 | €29,060 | €14,503 | €12,380 | €13,741 | €238,000 | ▲ 1,632% |
| Cash at bank and in hand54/58 | €82,099 | €71,131 | €47,953 | €46,252 | €15,996 | ▼ 65.4% |
| Deferred charges and accrued income490/1 | €2,275 | €2,470 | €2,678 | €4,229 | €8,656 | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.2m | €3.2m | €3.2m | €3.8m | ▲ 17.4% |
| Equity10/15 | €500,191 | €390,981 | €439,414 | €511,337 | €501,256 | ▼ 2.0% |
| Contributions10/11 | €525,000 | €525,000 | €525,000 | €525,000 | €525,000 | = |
| Reserves13 | €9,860 | €9,860 | €9,860 | €9,860 | €9,860 | = |
| Non-distributable reserves130/1 | €1,670 | €1,670 | €1,670 | €1,670 | €1,670 | = |
| Reserves not available under the articles1311 | €1,670 | €1,670 | €1,670 | €1,670 | €1,670 | = |
| Tax-exempt reserves132 | €8,190 | €8,190 | €8,190 | €8,190 | €8,190 | = |
| Profit (loss) carried forward14 | -€34,669 | -€143,878 | -€95,445 | -€23,523 | -€33,604 | ▼ 42.9% |
| Provisions and deferred taxes16 | - | €69,362 | €69,362 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €69,362 | €69,362 | - | - | - |
| Taxes161 | - | €69,362 | €69,362 | - | - | - |
| Amounts payable17/49 | €2.6m | €2.8m | €2.7m | €2.7m | €3.3m | ▲ 21.0% |
| Amounts payable after more than one year17 | €2.2m | €2.6m | €2.5m | €2.4m | €2.3m | ▼ 3.7% |
| Financial debts170/4 | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 3.5% |
| Other amounts payable178/9 | €480,000 | €961,696 | €904,696 | €877,196 | €842,991 | ▼ 3.9% |
| Amounts payable within one year42/48 | €390,383 | €132,057 | €131,131 | €302,330 | €961,789 | ▲ 218% |
| Current portion of amounts payable after more than one year42 | €55,204 | €56,256 | €57,328 | €58,421 | €59,535 | ▲ 1.9% |
| Trade debts44 | €38,739 | €17,039 | €7,797 | €104,259 | €843,042 | ▲ 709% |
| Suppliers440/4 | €38,739 | €17,039 | €7,797 | €104,259 | €843,042 | ▲ 709% |
| Taxes, remuneration and social security45 | €26,410 | €57,813 | €66,006 | €84,385 | €58,567 | ▼ 30.6% |
| Taxes450/3 | €24,818 | €51,919 | €54,751 | €78,459 | €50,727 | ▼ 35.3% |
| Remuneration and social security454/9 | €1,592 | €5,894 | €11,255 | €5,926 | €7,840 | ▲ 32.3% |
| Other amounts payable47/48 | €270,030 | €949 | - | €55,265 | €645 | ▼ 98.8% |
| Accrued charges and deferred income492/3 | - | €23,749 | €38,817 | - | €3,434 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,788 | -€109,210 | €48,433 | €71,922 | -€10,081 | ▼ 114% |
| + Depreciation and write-downs630 | €103,049 | €119,760 | €121,612 | €134,431 | €133,876 | ▼ 0.4% |
| Operating cash flow (approximation) | €126,836 | €10,550 | €170,045 | €206,354 | €123,794 | ▼ 40.0% |
| Investment in fixed assets (approximation) | - | -€246,505 | -€143,606 | -€82,347 | -€9,832 | ▲ 88.1% |
| Change in cash | - | -€10,969 | -€23,178 | -€1,701 | -€30,256 | ▼ 1,679% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-09
State Gazette act
General meeting · Shareholding
Capital · Representation rule
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
11-05
State Gazette act
General meeting · Director reappointment
Permanent representative · Capital increase
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €71,922 ▲48.5%
Operating result €174,277, net result €71,922, both a record.
31-12
Financial
Equity above €500,000Eq €511,337 ▲16.4%
2 profitable years in a row build equity to €511,337.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €48,433
Net result €48,433 after one loss-making year.
13-11
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€109,210
Net result drops to -€109,210, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.55
Current ratio from 0.45 to 1.55; short-term debt falls from €390,383 to €132,057.
Show earlier events
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Back to profitnet €51,018
Net result €51,018 after one loss-making year.
07-08
State Gazette act
General meeting · Auditor reappointment
Permanent representative · Director appointment
31-07
State Gazette act
Board meeting · Director appointment
Permanent representative
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
30-09
State Gazette act
General meeting · Auditor reappointment
Permanent representative · Director resignation
29-07
State Gazette act
Statutes amendment · Director resignation
Director discharge · Director reappointment
2015
03-08
State Gazette act
General meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2012
Ground area
3,856 m²
Building footprint
22 m²
Volume, LiDAR
265 m³
Parcel 25076B0220/00V000, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PARGECO
since 20122.212.340.465
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076B0220/00V000 | Wallonia | 3,856 m² | 1 · 22 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
3 board mandatesSimilar companies · same sector, comparable size
LUC SWITTEN
BE 0460.660.423
Zonhoven · Eq €501,259
Why2What
BE 0775.398.796
Lier · Eq €501,235
JOLIBAR
BE 0632.485.431
Merelbeke-Melle · Eq €501,185
DBG CONSULTING
BE 0888.415.179
Kortenberg · Eq €501,380
JBO CONSULTING
BE 0477.319.182
Vorselaar · Eq €501,383
Of 82,601 companies in this sector we hold annual accounts for 52,615. 34,624 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846745662
Also
9925:BE0846745662
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.